14.03.2016 08:39:00
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Fortescue Metals Group Ltd -- Moody's downgrades Fortescue's CFR to Ba3; outlook negative
Sydney, March 14, 2016 -- Moody's Investors Service has today downgraded Fortescue Metals Group Ltd's corporate family rating (CFR) to Ba3 from Ba2. At the same time, Moody's has also downgraded the senior unsecured and senior secured ratings of FMG Resources (August 2006) Pty Ltd to B2 and Ba2 from B1 and Ba1, respectively.